Fidelity Investments, managing approximately 15.1 trillion USD in assets, registered a Solana Fund in Delaware, indicating plans for a Solana-focused ETF.

This filing follows similar moves by competitors like Bitwise and Franklin Templeton, reflecting growing institutional interest in cryptocurrency investment tools.

Despite the optimism, regulatory approval from the SEC remains crucial for launching new ETFs, with potential impacts on timelines for institutional adoption in Solana (SOL).